"Mellon is a top-tier custodian for not-for-profit institutions and has developed the tools that will enable us to manage our endowment as effectively as possible," said Patrick Norton, associate vice president for finance and controller of Middlebury College.
"Providing services to endowments has been one of our top priorities," said Vince Sands, executive vice president of Mellon Financial and president of Mellon's U.S. Trust Services. "Currently, we provide custody and related services for 55 percent of the nation's 20 largest endowments and for 36 percent of the top 50 endowments. We are continuing to make major investments in technology and client service so that we can continue to enhance the quality and range of services that we provide."
Mellon's Asset Servicing group provides solution-oriented service and tools to support the entire investment process for investment managers, public and private pension funds, endowments and foundations, mutual funds, insurance and other financial institutions. The Asset Servicing group is comprised of Eagle Investment Systems, DPM Mellon, Mellon Analytical Solutions, and its joint venture partnerships -- ABN AMRO Mellon and CIBC Mellon.
Mellon Financial Corporation (NYSE: MEL) is a global financial services company. Headquartered in Pittsburgh, Mellon is one of the world's leading providers of financial services for institutions, corporations and high net worth individuals, providing asset management, private wealth management, asset servicing and payment solutions and investor services. Mellon has approximately $5.5 trillion in assets under management, administration or custody, including $995 billion under management. News and other information about Mellon is available at http://www.mellon.com.
